Cathie Wood's ARK Innovation ETF posted a 3.85% year-to-date decline, underperforming the S&P 500, as she shifted strategy by investing $1.9 million in mega-cap tech stocks to stabilize returns amid ongoing volatility.
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The S&P 500's dividend yield has dropped to 1.15%, nearing a 50-year low, as mega-cap tech stocks dominate the index and suppress overall payouts, according to Trivariate Research.
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